Now is the perfect time to purchase your first home!
Interest rates remain historically low and property selection is excellent. By taking just a few basic steps you will be soon standing at the door of your first home. But before you get to that point there are a few things we should discuss.
First home buyers are some of my absolute favorite clients! I think it has to do with their energy level and how I become a part of that energy. It seems first homes are the most memorable – there is a lot of emotion and energy that moves in along with that couch and kitchen table.
There are a couple of steps first-time home buyers can take that will greatly simplify the process of purchasing their first home. Preparing for your first home purchase starts well ahead of moving your stuff - or picking out paint and decorating schemes.
Probably one of the most important considerations is how the home will be purchased. Rich uncles can come in very handy at this point but if you do not have the luxury of a 'rich uncle' now may be a good time to consider the various financing options that are available to first-time buyers.
There are a number of great programs available to new home buyers but before you do anything else, I recommend you take a moment to talk with a REALTOR® - and I would whole-heartedly encourage that individual be affiliated with the CRS (Council of Residential Specialists) for added assurance of receiving the utmost in guidance.
A CRS designee must complete specialized, residential real estate focused, training PLUS have verifiable sales and listing volumes to be eligible for this designation. CRS designees provide better service because they want to – they are driven to. Their personal goals to provide best-practice services become the basis for the demonstrated sales performance. The bottom line is first-time home buyers can have assurance their CRS affiliated REALTOR® will provide them with the best service possible!
The value of this initial guidance is immeasurable and will do more to ensure a successful, smooth transaction than any other step in the process. In fact, once you are connected with a CRS affiliate, everything - including the search for financing - will become much easier.
Please note this as well: It is important to consider shopping for financing much in the same way as buying a pair of sneakers. You may need to shop around to find the best 'fit'. (This particular analogy has real meaning for me because I have webbed toes and a ‘bad fit’ means pain down the path. OK, that was probably too much personal information . . .)
In any event, your CRS-affiliated REALTOR® can offer the necessary guidance regarding locating qualified and capable lenders that offer programs especially designed for that perfect ‘first-step’ home buyer ‘fit’!
Have fun - and stay safe!
Jon
www.SearchFergusFalls.com
www.MNFirstHomeBuyer.com
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